TD Securities Increases Capital Power (TSE:CPX) Price Target to C$48.00

Capital Power (TSE:CPX) had its target price upped by TD Securities from C$47.00 to C$48.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Raymond James reduced their price objective on Capital Power from C$46.00 to C$45.00 and set a market perform rating for the company in a research note on Thursday, April 25th. National Bankshares upped their price objective on Capital Power from C$43.00 to C$44.00 in a research note on Thursday. Desjardins dropped their target price on shares of Capital Power from C$53.00 to C$52.00 and set a buy rating for the company in a report on Thursday, June 6th. Scotiabank upped their target price on shares of Capital Power from C$40.00 to C$43.00 and gave the stock a sector perform rating in a report on Wednesday, June 12th. Finally, CIBC upped their target price on shares of Capital Power from C$41.00 to C$42.00 and gave the stock a neutral rating in a report on Monday, July 22nd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of C$46.50.

Capital Power Trading Down 1.2 %

TSE:CPX opened at C$42.86 on Thursday. The company has a debt-to-equity ratio of 125.95, a current ratio of 0.75 and a quick ratio of 0.55. The firm has a market capitalization of C$5.53 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58. Capital Power has a one year low of C$33.90 and a one year high of C$43.58. The business has a fifty day moving average price of C$40.37 and a 200-day moving average price of C$38.31.

Capital Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.652 per share. This represents a $2.61 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Capital Power’s previous quarterly dividend of $0.62. Capital Power’s dividend payout ratio is 47.04%.

Insider Buying and Selling at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 2,441 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$40.38, for a total transaction of C$98,577.10. Insiders own 0.17% of the company’s stock.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.